Author: The Daily Hodl

The chief investment officer at a digital asset investment firm believes the launch of the Official Trump (TRUMP) memecoin has marked a new age in crypto adoption. Arca CIO Jeff Dorman says on the social media platform X that the TRUMP meme token is “incredibly long-term bullish” for the digital asset industry. According to Dorman, token issuers and investors have nothing more to fear from US regulators now that incoming President Donald Trump himself is both a crypto asset issuer and investor. “Now, just because the President issued a memecoin doesn’t mean the entire world will only focus on memecoins.…

A veteran crypto analyst says that Bitcoin (BTC) could be setting up for another parabolic spike past all-time highs and beyond. Pseudonymous trader Dave the Wave – who accurately called both the crypto market cycle top and bottom in 2021 and 2022 – tells his 147,000 followers on the social media platform X that Bitcoin is on the brink of a strong impulse to the upside. He shares a chart suggesting that BTC may witness a fresh parabolic rally if it takes out resistance at $105,000. “BTC parabolic breakout here and now… or a continued range?” Based on his chart,…

Israel-based retail trading firm eToro is reportedly spurning the London Stock Exchange in hopes of chasing a US initial public offering (IPO). According to a new report by The Financial Times, people familiar with the matter say that the crypto-friendly trading platform has made confidential filings with the U.S. Securities and Exchange Commission (SEC) even though its largest market is the United Kingdom. Confidential filings allow firms to pursue their plans without revealing them to the public until they are ready. The report also says that eToro is seeking a $5 billion evaluation and could be live in the New…

Several financial giants are reportedly filing for crypto-related exchange-traded funds (ETFs) as they anticipate the departure of Gary Gensler, the chair of the U.S. Securities and Exchange Commission (SEC). In a new thread on the social media platform X, Bloomberg senior ETF analyst James Seyffart reports that a “flurry” of companies are filing for crypto ETFs, including Tidal Financial Group, ProShares, Coinshares and VanEck. Seyffart notes that Tidal is filing for its Oasis Capital Digital Asset Debt Strategy ETF (DADS), which plans to invest in the debt securities of crypto ecosystems. He also reports that ProShares has filed for a…

Bitwise CIO Matt Hougan says that digital assets will likely go through a bullish phase in the next six months as the market digests the new crypto-friendly US presidential administration. In a post on the social media platform X, Hougan tells his 60,000 followers that the dramatic difference between the previous and current presidential administrations is not yet priced in and that a reevaluation of crypto assets will need to take place. “On my first road trip of the year speaking with traditional investors. One takeaway: the change in Washington’s attitude toward crypto is not priced in. The reason is,…

Prominent crypto analytics platform Santiment is alerting that several altcoins may be flashing a bearish signal. In a post on the social media platform X, Santiment says that some altcoins – including Sam Altman’s digital identification platform Worldcoin (WLD) and memecoin SPX6900 (SPX) – are being sent to exchanges in relatively large volumes. Generally speaking, coins being sent to exchanges is bearish since it implies more of the supply is available to be sold off on the open market. Other coins flashing the bearish signal include the governance token of the cloud-based blockchain platform Onyxcoin(XCN), the native asset of the…

A widely followed trader who nailed the crypto bull market top in 2022 believes the altcoin market is gearing up to spark an upside burst. Pseudonymous analyst Pentoshi tells his 843,900 followers on the social media platform X that he’s keeping a close watch on the OTHERS chart, which tracks the market cap of all crypto excluding the 10 largest coins and stablecoins. According to Pentoshi, OTHERS is flashing a bullish continuation signal as it threatens to take out its final resistance at around $500 billion. “Say what you will, but alts look great as a whole here. Bull flag/consolidation…

Venture capitalist Chris Burniske believes crypto is about to enter uncharted territory as the United States welcomes a second Donald Trump presidency. Burniske tells his 317,600 followers on the social media platform X that he thinks Bitcoin’s (BTC) four-year cycle may witness an abrupt end with the installment of a pro-crypto US government. BTC’s four-year cycle is based on halving events when Bitcoin miner rewards are slashed in half every four years. In the past, halvings have correlated with parabolic rallies for Bitcoin as the reduction in new BTC emissions created an imbalance between supply and demand. Says Burniske, “Continue…

A relatively new Ethereum (ETH) layer-2 scaling solution has soared to the top of Santiment’s rankings of ERC-20 coins in terms of recent development activity. The crypto analytics firm notes that Starknet (STRK) clocked 401.97 notable GitHub events over the past 30 days. Starknet is a decentralized validity rollup, otherwise known as a zero-knowledge (ZK) roll-up. Rollups are solutions that execute transactions outside of Ethereum’s blockchain but record the transactional data. The project launched its token last February. STRK is trading at $0.455 at time of writing. The 119th-ranked crypto asset by market cap is up more than 7% in…

A closely followed crypto strategist and trader thinks one Ethereum (ETH) competitor is gearing up for a breakout. Pseudonymous analyst Inmortal tells his 223,100 followers on the social media platform X that Solana (SOL) may be forming a bullish pattern on the daily chart and could surge more than 18% from its current value. “If you ask me, SOL is starting to look good again. Only thing we need now is a higher high [price] to confirm a break in MS (market structure.)” Looking at his chart, the trader suggests SOL will surge to $240 and retrace to around $210…